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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: d:oug who wrote (56328)	7/17/2000 1:17:49 PM
From: goldsheet	Read Replies (2) of 116786

"If all of the dollars in circulation (currently $560 billion) were backed with gold, the implied price would be about $2,500." I love it when the "experts" can not divide. $560B divided by 261M is $2146, not $2500 ! Also, the last report I saw of currency in circulation was 523B which when divided by 261M is $2004 It's a fun calculation, but moot point, since currency isn't backed by gold.

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